coffee futures

Sugar Futures---Sugar futures in the October contract is trading higher by 20 points in New York currently trading at 14.29 as I'm looking at a possible bullish position if prices break the 14.44 level which was hit on August 31st & if that does occur place the stop loss under the 10 day low of 13.63 risking around $900 per contract plus slippage and commission.

Cocoa Futures--- Cocoa futures in the December contract are down 2 points at 1931 in a relatively quiet trading session this Monday afternoon in New York as I'm currently sitting on the sidelines looking for a breakout to occur above the August 29th high of 2009 as the chart structure is starting to improve as we could be entering into a bullish position possibly this week.

Coffee Futures--- Coffee futures in the December contract are trading higher for the 4th consecutive session up another 50 points at 131.15 a pound right near a 3 week high as the chart structure is excellent at the present time, however I do not have a recommendation in this commodity, but I'm looking at a bullish trade in the coming days ahead.

Cotton Futures---Cotton futures in the December contract are sharply lower this Monday afternoon in New York currently trading at 72.30 down 230 points as Hurricane Irma did not cause massive flooding in key cotton growing regions pushing prices lower in today's trade.

Sugar Futures---Sugar futures in the October contract currently trading at 14.10 a pound after settling last Friday in New York 14.40 got about 30 points for the trading week as I'm looking to initiate a bullish position if prices break 14.44 while then placing the stop loss under the 10 day low stands at 13.63 risking about $900 per contract plus slippage & commission as the chart structure is outstanding at the present time.

Sugar Futures--- Sugar futures in the October contract are trading higher for the 2nd consecutive trading session up 25 points at 14.28 a pound as I'm looking at a possible bullish position if prices break 14.44 & if that does occur I would place the stop loss under the 10 day low which stands at 13.63 risking around $900 plus slippage and commission as the chart structure is outstanding at the present time due to the fact of low volatility.

Coffee Futures---Coffee futures in the December contract are currently trading higher by 60 points reversing earlier losses holding major support at the 127.00 level still stuck in a 2 week channel consolidating the recent downdraft in prices which has occurred over the last month or so.

Cotton Futures--- Cotton futures in the December contract is trading higher for the 6th consecutive session hitting a 3 month high all due to the fact of Hurricane Harvey possibly destroying up to 600,000 acres pushing prices sharply higher over the last several weeks as it certainly looks to me that the 66 level has formed a long-term bottom.

Coffee Futures---Coffee prices in the December contract are trading higher for the 2nd consecutive session after settling last Friday in New York at 131.40 a pound while currently trading at 130.00 down slightly for the trading week with very little volatility or fresh fundamental news to dictate short-term prices.

Sugar Futures--- Sugar futures in the October contract settled last Friday in New York at 14.03 a pound while currently trading at 14.30 up about 27 points for the trading week right near a 4 week high.

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